News
Sheikh Gumi Supports Tax Reform Bills but Urges Changes to VAT for Fairness
Islamic cleric and scholar Sheikh Ahmad Abubakar Gumi has weighed in on the ongoing controversy surrounding the proposed Tax Reform Bills, which have faced strong opposition from northern governors, lawmakers, and traditional rulers.
The cleric described the bills as beneficial for all Nigerians, although he called for a review of the contentious Value Added Tax (VAT) component.
The Tax Reform Bills have sparked heated debates since they passed the second reading in the Senate last Thursday.
Northern leaders, including governors and members of the legislature, have expressed concern that the reforms could disproportionately impact their region.
Many traditional rulers have also voiced their apprehension, citing fears of economic imbalance and potential hardship for the already vulnerable populations in the North.
Addressing the matter on Tuesday, Sheikh Gumi emphasized that, while the tax bills are a step in the right direction for Nigeria’s economic progress, the contentious VAT provisions need careful reconsideration.
He stated that reviewing the VAT structure could alleviate the concerns of northern stakeholders without undermining the broader benefits of the proposed reforms.
In his words, “The Tax Reform Bills are fundamentally a good package for the nation.
However, the Value Added Tax element, which has raised significant concerns, should be reassessed to ensure it does not unfairly burden any region or group of people.”
News
FG Extends NYSC Orientation Camp From 3 to 6 Weeks
The Federal Government has announced an extension of the NYSC programme. It can be noted that the NYSC camp orientation is usually for three weeks before the youths go out to gain experience, employment, and serve the country for one year.
However, the FG announced that the passing-out parade from camp will be cancelled, and corps members will now spend six weeks in camp instead of three weeks.
“The first two weeks speak to laying a foundation on civic responsibility. The next two weeks will look at career mapping, basic accounting literacy skills, business planning and access to finance. The final two weeks, we intend to have focused corps-stream-specific training aligned with the corps member’s designated stream based on his choice, academic background and skills profile.”
News
Is Lagos Sinking? Residents Raise Concerns as Flooding Worsens
With the rainy season in Nigeria, many are wondering if the increase in flooding has now become the new normal. Lots of videos, clips, and complaints have literally flooded online, showing how badly roads, homes, and other places have been affected.
We were used to hearing about the rise of water on the Island since it is literally surrounded by water, but now floods are being spotted on the Mainland as well.
We may not know exactly why this is happening, but one thing is certain—we urgently need a lasting solution.
News
Federal Government Clarifies Position on Proposed Tax Recommendations
The federal government reacted to claims stating that the new tax rules will be imposed on telecommunications and petroleum products for Nigerians.
The FG released a statement to explain the process and stated that there is no intention to place taxes on telecom and petroleum products and services.
“Those recommendations do not amount to government policy and are not binding on Nigeria. Decisions on tax matters are taken through established constitutional and legislative processes and are guided by national priorities and prevailing economic realities.”
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